Did you enter the SEP IRA through the self-employment option? When I run a test I am not receiving a limit to $6,500. Follow these steps to check the entry of your self-employed SEP IRA:
- Click Wage and Income
- Scroll down to Other Business Situations, Click Show More
- Click Start/Revisit next to Self-Employment Retirement Plans
- Answer no for "Did you contribute to an Individual or Roth 401(k) plan?
- Click Yes for the next screen.
- Enter the amount you contributed or will contribute for your SEP Plan and click Maximize.
If you are still seeing a limitation please respond back to this thread.
@GapMapper
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